Question 1

What is PG&E's P/E ratio?

Accepted Answer

PG&E (PCG) P/E ratio is 13.2× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for PG&E?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For PG&E specifically, the relevant sector benchmark is the current sector median of 21.4×.

Question 5

Is PG&E's P/E ratio high or low?

Accepted Answer

PG&E's P/E ratio of 13.2× is below its own 5-year average of 23.9× and below the sector median of 21.4×. That places the current reading at the 11th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is PG&E's historical P/E ratio range?

Accepted Answer

In the available daily series, PG&E (PCG) P/E ratio has ranged from a low of 2.3× in 2002 to a high of 166.4× in 2018. The 5-year average is 23.9× and the 5-year median is 16.1×.

Question 7

What was PG&E's P/E ratio in 2025?

Accepted Answer

PG&E (PCG) P/E ratio at the end of 2025 was 13.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does PG&E's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$35.58B	$2.70B	13.2×	-4.0×	Dec 31, 2025
2024	$43.21B	$2.51B	17.2×	+0.7×	Dec 31, 2024
2023	$37.21B	$2.26B	16.5×	-1.3×	Dec 31, 2023
2022	$32.31B	$1.81B	17.8×	—	Dec 31, 2022
2021	$24.10B	−$88.00M	—	—	Dec 31, 2021
2020	$20.20B	−$1.30B	—	—	Dec 31, 2020
2019	$5.74B	−$7.64B	—	—	Dec 31, 2019
2018	$12.28B	−$6.84B	—	—	Dec 31, 2018
2017	$23.09B	$1.66B	13.9×	-7.6×	Dec 31, 2017
2016	$30.32B	$1.41B	21.6×	-8.8×	Dec 31, 2016
2015	$26.94B	$888.00M	30.3×	+12.9×	Dec 31, 2015
2014	$25.24B	$1.45B	17.4×	-4.9×	Dec 31, 2014
2013	$18.49B	$828.00M	22.3×	+1.8×	Dec 31, 2013
2012	$17.04B	$830.00M	20.5×	+1.0×	Dec 31, 2012
2011	$16.78B	$858.00M	19.6×	+3.1×	Dec 31, 2011
2010	$18.27B	$1.11B	16.4×	+3.0×	Dec 31, 2010
2009	$16.57B	$1.23B	13.4×	+3.1×	Dec 31, 2009
2008	$13.82B	$1.34B	10.3×	-4.5×	Dec 31, 2008
2007	$14.91B	$1.01B	14.8×	-1.8×	Dec 31, 2007
2006	$16.52B	$991.00M	16.7×	+2.7×	Dec 31, 2006
2005	$12.77B	$917.00M	13.9×	+11.0×	Dec 31, 2005
2004	$13.25B	$4.50B	2.9×	-22.4×	Dec 31, 2004
2003	$10.66B	$420.00M	25.4×	—	Dec 31, 2003
2002	$5.12B	−$874.00M	—	—	Dec 31, 2002
2001	$7.00B	$1.10B	6.4×	—	Dec 31, 2001


Alliant Energy (LNT)	22.5×
American States Water (AWR)	22.1×
Middlesex Water (MSEX)	21.8×
Evergy (EVRG)	21.4×
H2O America (HTO)	21.2×
CMS Energy (CMS)	21.1×
Essential Utilities (WTRG)	20.5×
Ameren (AEE)	19.9×
Duke Energy (DUK)	19.8×
MGE Energy (MGEE)	19.8×
American Electric Power Company (AEP)	19.4×
Consolidated Edison (ED)	19.1×
Pinnacle West Capital (PNW)	18.7×
Dominion Energy (D)	18.3×
Black Hills (BKH)	18.2×
Exelon (EXC)	18.1×
Public Service Enterprise Group (PEG)	17.8×
Northwest Natural Holding (NWN)	17.7×
New Jersey Resources (NJR)	16.2×
Avista (AVA)	16.0×
Eversource Energy (ES)	14.9×
Artesian Resources (ARTNA)	14.1×
UGI (UGI)	12.2×
Edison International (EIX)	7.6×
AES (AES)	7.5×

P/E Ratio for PG&E (PCG)

P/E Ratio daily chart for PG&E (PCG)

Historical P/E Ratio for PG&E (PCG) from 2001 to 2025

About P/E Ratio at PG&E (PCG)

PG&E P/E Ratio by Year

PG&E P/E Ratio 2025: 13.2×

PG&E P/E Ratio 2024: 17.2×

PG&E P/E Ratio 2023: 16.5×

PG&E P/E Ratio 2022: 17.8×

PG&E P/E Ratio 2017: 13.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

PG&E (PCG) Key Financials

P/E Ratio daily chart for PG&E (PCG)

Historical P/E Ratio for PG&E (PCG) from 2001 to 2025

About P/E Ratio at PG&E (PCG)

PG&E P/E Ratio by Year

PG&E P/E Ratio 2025: 13.2×

PG&E P/E Ratio 2024: 17.2×

PG&E P/E Ratio 2023: 16.5×

PG&E P/E Ratio 2022: 17.8×

PG&E P/E Ratio 2017: 13.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is PG&E's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for PG&E?

+Is PG&E's P/E ratio high or low?

+What is PG&E's historical P/E ratio range?

+What was PG&E's P/E ratio in 2025?

+Why does PG&E's P/E ratio change over time?

PG&E (PCG) Key Financials